Hi All,
I would like to know How futures and options are taxed?? and How Speculative transactions takes place(i.e., i need an example) and its taxation??
Thanks in advance.
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Futures and options
Replies (1)
F&O trade is considered as a non-speculative business. Intra-day stock trades are treated as a speculative business.
To calculate gross income from F&O trades, take your transaction statement for the whole year. Look at your receipts; these may be a positive or a negative value.
Sum these up for the whole year. Expenses can be deducted from your gross income.
Refer: tax-on-derivative-trading
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